Evaluator Moderate Correlations

EVMLX Fund

USD 10.62 0.06 0.57%

The current 90-days correlation between Evaluator Moderate Rms and Morgan Stanley Government is -0.03 (i.e., Good diversification). The correlation of Evaluator Moderate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Evaluator Moderate Correlation With Market

Good diversification

The correlation between Evaluator Moderate Rms and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Moderate Rms and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evaluator Moderate Rms. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Evaluator Mutual Fund

0.98	EVAGX	Evaluator Aggressive Rms	Pair Corr
0.79	EVFTX	Evaluator Tactically	Pair Corr
0.92	EVFMX	Evaluator Moderate Rms	Pair Corr
0.98	EVFGX	Evaluator Aggressive Rms	Pair Corr
0.64	EVFCX	Evaluator Conservative	Pair Corr
0.99	EVGRX	Evaluator Growth Rms	Pair Corr
0.84	EVGLX	Evaluator Growth Rms	Pair Corr
0.69	EVTTX	Evaluator Tactically	Pair Corr
0.89	FBONX	American Funds American	Pair Corr
0.89	FBAFX	American Funds American	Pair Corr
0.9	ABALX	American Balanced	Pair Corr
0.9	BALCX	American Balanced	Pair Corr
0.9	BALFX	American Balanced	Pair Corr
0.9	RLBCX	American Balanced	Pair Corr
0.9	RLBBX	American Balanced	Pair Corr
0.9	CLBAX	American Balanced	Pair Corr
0.9	CLBEX	American Balanced	Pair Corr
0.9	RLBFX	American Balanced	Pair Corr
0.8	VTSAX	Vanguard Total Stock	Pair Corr
0.79	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VTSMX	Vanguard Total Stock	Pair Corr
0.8	VSMPX	Vanguard Total Stock	Pair Corr
0.8	VSTSX	Vanguard Total Stock	Pair Corr
0.8	VITSX	Vanguard Total Stock	Pair Corr
0.79	VFINX	Vanguard 500 Index	Pair Corr
0.79	VFFSX	Vanguard 500 Index	Pair Corr

Moving against Evaluator Mutual Fund

0.56	FSGIX	Federated Gov Sec	Pair Corr
0.39	FPPPX	American Funds Prese	Pair Corr
0.34	APBDX	Bond Fund Investor	Pair Corr
0.32	DMNBX	Dfa Mn Municipal	Pair Corr
0.32	CCWEX	Capital World Bond	Pair Corr

Related Correlations Analysis

	USGDX	LTXFX	INGXX	HHMYX	FCSCX	TIMXX
USGDX		0.81	0.0	0.66	0.94	0.0	USGDX
LTXFX	0.81		0.0	0.96	0.79	0.0	LTXFX
INGXX	0.0	0.0		0.0	0.0	0.0	INGXX
HHMYX	0.66	0.96	0.0		0.62	0.0	HHMYX
FCSCX	0.94	0.79	0.0	0.62		0.0	FCSCX
TIMXX	0.0	0.0	0.0	0.0	0.0		TIMXX
	USGDX	LTXFX	INGXX	HHMYX	FCSCX	TIMXX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HHMYX	+ 0.96	LTXFX
FCSCX	+ 0.94	USGDX
LTXFX	+ 0.81	USGDX
FCSCX	+ 0.79	LTXFX
HHMYX	+ 0.66	USGDX
FCSCX	+ 0.62	HHMYX

High negative correlations

TIMXX	- 0.0	FCSCX
TIMXX	- 0.0	HHMYX
TIMXX	- 0.0	INGXX
FCSCX	- 0.0	INGXX
HHMYX	- 0.0	INGXX
TIMXX	- 0.0	LTXFX

Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Moderate Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Evaluator Moderate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
USGDX	0.66	0.11	0.20	4.66	0.61	(0.81)	1.46	(1.06)	3.93
LTXFX	0.11	0.01	0.32	(3.07)	0.00	(0.15)	0.26	(0.20)	0.65
INGXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HHMYX	0.14	0.00	0.19	0.28	0.13	(0.20)	0.36	(0.36)	0.85
FCSCX	0.06	0.01	0.41	1.25	0.00	(0.18)	0.13	(0.13)	0.66
TIMXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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